Other Income
"Other Income" refers to earnings that do not come from a primary business activity. This can include various sources such as interest income, dividends, or rental income. It is often reported separately on financial statements to provide a clearer picture of a company's overall financial health.
For individuals, "Other Income" might include money earned from side jobs, freelance work, or investments. This category helps distinguish between regular income and additional earnings, making it easier to assess financial stability and plan for taxes.